RBAIX Fees and Costs — T. Rowe Price Balanced Fund, Inc., I Class
Data updated: 2026-08-27
The net expense ratio is 0.47% (0.52% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $684K in broker commissions, 0.0142% of average net assets, and portfolio turnover was 44%.
RBAIX Fees and Expenses
Annual operating expenses and sales charges of RBAIX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.52% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.47% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RBAIX Costs Over Time
On $10,000 invested in RBAIX, assuming 5% a year before costs, total costs come to $306 over 5 years, cutting the return by 0.51% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $167 | $306 |
| Value after costs | $10,449 | $11,409 | $12,457 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
RBAIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0142%
- Total broker commissions: $684K
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: $39.9M
- Net income from securities lending: $150K (0.003% of average net assets)
RBAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $84K | 18.70% |
| UBS AG | $58K | 12.86% |
| MORGAN STANLEY & CO. LLC | $57K | 12.69% |
| Citigroup Inc. | $52K | 11.51% |
| BOFA SECURITIES, INC. | $45K | 10.03% |
| JEFFERIES LLC | $43K | 9.49% |
| GOLDMAN SACHS & CO. LLC | $42K | 9.29% |
| BARCLAYS CAPITAL INC. | $25K | 5.69% |
| BNP PARIBAS | $22K | 4.92% |
| RBC Capital Markets, LLC | $22K | 4.82% |
RBAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $454.5M | 32.09% |
| GOLDMAN SACHS & CO. LLC | $237.0M | 16.73% |
| MORGAN STANLEY & CO. LLC | $131.7M | 9.30% |
| Citigroup Inc. | $129.2M | 9.12% |
| BARCLAYS CAPITAL INC. | $103.2M | 7.28% |
| STONEX FINANCIAL INC. | $101.1M | 7.14% |
| J.P. MORGAN SECURITIES LLC | $87.0M | 6.14% |
| BOFA SECURITIES, INC. | $86.1M | 6.08% |
| BMO Capital Markets Corp. | $45.9M | 3.24% |
| BNP PARIBAS | $40.8M | 2.88% |
T. Rowe Price Balanced Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RBAIX | I Class | 0.47% | — |
| RPBAX | T. Rowe Price Balanced Fund, Inc. | 0.61% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.